Recall the formula for the Lerner index: $$\underset{\text{Lerner index}}
{\underbrace{\frac{P^{m}-C^{\prime}(Q^{m})}{P^{m}}}}=-\frac{P^{\prime}
(Q^{m})Q^{m}}{P^{m}}=\underset{\text{inverse price elasticity}}
{-\underbrace{\frac{1}{E^d}}\equiv\frac{1}{\eta}}$$